Best Sportsbook Bonuses May 2025

Compare signup bonuses and explore hedging strategies for potential profit opportunities

We focus on welcome bonuses because they offer profit opportunities through matched betting techniques that can be explored through hedging strategies.

4
Active Welcome Offers
Updated regularly
Researched
Offers analyzed & strategies reviewed
Terms and conditions evaluated
Explore potential profit opportunities with welcome bonus hedging strategies

Total Bonuses

4

Available sportsbook bonuses

All States

4

Bonuses available nationwide

Highest Value

$150

DraftKings

Fanatics logo
Fanatics
Bet and Get Bonus
$300
Easy
Est. Value: $150
Requirements: Deposit $10 for $300 bonus; Convert to ~$150 cash via hedging; Outcome irrelevant - bonus awarded regardless; $10 daily x3 days = $100 bonus each; Hedge equally on both outcomes (+100 to -110)
DraftKings logo
DraftKings
Bet and Win Bonus
$300
Easy
Est. Value: $150
Requirements: Deposit $5+ and bet $5+; FIRST BET MUST WIN to get $300 bonus; High risk since you lose $5 if bet loses; Bet on heavy favorites with shortest odds possible for best win chance - NO ODDS RESTRICTIONS mentioned in terms
FanDuel logo
FanDuel
Bet and Win Bonus
$200
Easy
Est. Value: $100
Requirements: Deposit $5+ and bet $5+; FIRST BET MUST WIN to get $200 bonus; High risk since you lose $5 if bet loses; Bet on heavy favorites with shortest odds possible (-1000 or higher) for best win chance - NO ODDS RESTRICTIONS
BetMGM logo
BetMGM
Bet and Win Bonus
$150
Easy
Est. Value: $75
Requirements: Deposit $10+ and bet $10+; FIRST BET MUST WIN to get $150 bonus; High risk since you lose $10 if bet loses; Bet on heavy favorites with shortest odds possible - mentions "standard odds price" but no specific restrictions stated

How Welcome Bonus Hedging Works

1

Claim Welcome Bonus

Sign up for a new sportsbook and claim their welcome bonus to receive bonus betting credits.

2

Bet Both Outcomes

Use your bonus credits to bet both sides of the same game (e.g., Team A and Team B), ensuring you win regardless of the outcome.

3

Collect Guaranteed Profit

After covering both outcomes with bonus bets, you're guaranteed to win one side while the bonus funds cover any losses. Typical returns are 45-55% of the bonus amount.

Why We Promote Welcome Bonuses

Welcome bonuses provide free betting credits that can be used to cover both sides of a game within the same sportsbook, creating guaranteed profit opportunities with minimal risk.

Key Benefits of Welcome Bonuses

Highest Bonus Values

Welcome bonuses offer substantial amounts (up to $500+) as sportsbooks compete for new customers with their most attractive promotional offers.

$100-500 typical range

Straightforward Terms

First-time bonuses have clear, straightforward requirements designed to onboard new users, making hedging calculations more predictable.

1x-3x wagering typical

Consistent Availability

Welcome offers are always available and don't get pulled like daily promotions, allowing you to plan your strategy at your own pace.

Available 24/7

One-Time Opportunity

Each welcome bonus can only be claimed once per person per sportsbook, making them valuable limited opportunities for new users.

Claim once per sportsbook

Frequently Asked Questions

Sports Betting Legality by State

Sports betting has become increasingly popular as more states have legalized online sports betting within their borders. As of 2025, over 35 states plus Washington D.C. have legalized online sports betting, with more states considering legislation.

Legal in 35+ states

Fully Legal States

States with full online sports betting legalization include Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, Nevada, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming, and many others that launched in 2024-2025.

Restricted or Pending States

Some states have retail-only betting or are still considering legislation. Always verify the current legal status in your state before participating in online sports betting activities.

Important Legal Notice

You must be 21+ years old and physically located in a state where online sports betting is legal to claim these bonuses. All featured sportsbooks are licensed and regulated by the appropriate state gaming commissions.

Tips for Maximizing Welcome Bonus Profits

1

Start with Smaller Bonuses

Begin with $200-500 welcome bonuses to practice the hedging technique before tackling larger $1,000+ offers. This minimizes risk while you master betting both outcomes.

2

Choose Games with Close Odds

Look for games where both outcomes have similar odds (close to even money) to maximize your guaranteed profit when betting both sides with bonus credits.

3

Calculate Before Betting

Always calculate your bet amounts carefully to ensure both sides are properly covered with your bonus credits for guaranteed profit regardless of the game outcome.